On the recordFebruary 10, 2016
Let's actually run through these. Let's use our last 12 minutes and get exactly to your point of where we are at and what has been going on. I put this one up specially for my friends who had fussed and wailed and complained about this thing called sequestration and how it was the end of the world. Basically, western civilization was going to be collapsed to its knees. What you see is that the red is sequestration and the green is discretionary spending without sequestration. If you see the blue bars there, that is mandatory spending. That is Social Security, Medicare, Medicaid, the new healthcare law, interest on the debt, and other transfer programs. It explodes off the charts. If our friends who complained about sequestration so much cared, they would have talked about mandatory spending: the entitlements. But if you look at the differential between that red and green, it is tiny. The fact of the matter is, this year and next year it is actually gone.
